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WSJ Minute Briefing

Senate Advances Measure to End Shutdown, With Backing from Democrats

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 10 November 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, a federal appeals court denies the Trump administration’s bid to avoid fully funding SNAP benefits for November. And Novo Nordisk’s shares gain after the drugmaker withdraws from a bidding war over the obesity drug maker Metsera. Caitlin McCabe hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:22.8

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0:32.5

Here's your morning brief for Monday, November 10th. I'm Caitlin McCabe for the Wall Street Journal.

0:38.2

The Senate took the first step last night toward ending the longest government shutdown in

0:42.6

U.S. history after eight members of the Democratic caucus joined Republicans in voting to advance

0:48.7

a spending measure aimed at reopening the government. Affordable Care Act subsidies have been a

0:54.1

point of contention during the shutdown,

0:56.1

but a key development to ease the stalemate came when Senate Republicans propose that some

1:01.2

health care funding be provided directly to households instead.

1:05.3

The Senate's next big step is to amend the measure and send it back to the House of Representatives

1:09.9

before being signed by President Trump, a process that could take several days.

1:15.3

That said, markets in Asia and Europe have rallied on the prospect of the shutdown ending, with U.S. stock futures also pointing firmly higher.

1:24.3

A federal appeals court has denied the Trump administration's bid to avoid fully funding federal food assistance benefits for this month.

1:32.9

The ruling came in just before midnight last night and means the government will have to make the payments under the supplemental nutrition assistance program or snap within 48 hours unless the Supreme Court intervenes.

1:46.5

Court proceedings may not factor in if the shutdown ends and funding for SNAP comes back.

1:52.4

And Novo Nordisk shares are gaining today after the Danish drug maker withdrew from a bidding war with

1:58.2

Pfizer for U.S. obesity startup MetS. Pfizer agreed late Friday to

2:03.4

buy MetSara in a deal that could be worth more than $10 billion following a heated takeover battle

2:09.5

with Novo. And we have a lot more coverage of the day's news on the WSJ's What's News podcast.

2:16.0

You can add it to your playlist on your smart speaker

2:18.0

or listen and subscribe wherever you get your podcasts.

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